XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2020
Jul. 31, 2019
Income Statement [Abstract]        
Net sales $ 270,425 $ 359,332 $ 824,941 $ 903,601
Cost of sales 239,590 323,557 756,223 800,152
Gross profit 30,835 35,775 68,718 103,449
Selling, general and administrative 13,424 14,295 44,226 44,228
Gain on sale of Temecula packinghouse 54 75 162 2,002
Operating income 17,465 21,555 24,654 61,223
Interest expense (203) (228) (732) (847)
Other income, net 628 936 2,250 2,332
Loss on reserve for FreshRealm note receivable and impairment of investment (37,192)   (37,192)  
Unrealized and realized net gain (loss) on Limoneira shares 218 (5,116) (9,125) (8,262)
Income (loss) before provision (benefit) for income taxes and loss from unconsolidated entities (19,084) 17,147 (20,145) 54,446
Income tax benefit (provision) 4,682 (3,987) 6,540 (11,093)
Net loss from unconsolidated entities (1,170) (2,510) (6,375) (11,944)
Net income (loss) (15,572) 10,650 (19,980) 31,409
Less: Net loss (income) attributable to noncontrolling interest (64) (47) 128 26
Net income (loss) attributable to Calavo Growers, Inc. $ (15,636) $ 10,603 $ (19,852) $ 31,435
Calavo Growers, Inc.'s net income (loss) per share:        
Basic $ (0.89) $ 0.61 $ (1.13) $ 1.79
Diluted $ (0.89) $ 0.60 $ (1.13) $ 1.79
Number of shares used in per share computation:        
Basic 17,586 17,525 17,558 17,517
Diluted 17,586 17,605 17,558 17,589